EDEN GATE NEWPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2025
The Trustees present their report together with the financial statements of the charity for the year ended 31st March 2025. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 and comply with the Charity's constitution and applicable law.
Legal and administrative information
| Charity registration number | 1154545 |
|---|---|
| Address | |
| 25 Hill Street, Newport, | |
| South Wales NP20 1LZ | |
| Trustees | |
| Jayne Dando | appointed April 2025 |
| Franz Huelle | |
| Andrew Lightbown | |
| Pamela McCarthy | |
| Harvey R Philpott | Vice Chair - resigned January 2025 |
| Don Reed | Chair & Treasurer |
| Mary Taylor | |
| Alyson Thomas | appointed April 2024, appointed Vice Chair March 2025 |
| Secretary | |
| Mary Taylor | |
| Patron | |
| Ruth Jones MP | appointed May 2025 |
| Independent Examiner | |
| Guilfoyle Sage LLP | |
| 21 Gold Tops, Newport | |
| South Wales NP20 4PG | |
| Bankers | |
| Barclays Bank Plc | |
| 14 Commercial Street, Newport, | |
| South Wales NP20 1HE |
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Charity was registered as a Charitable Incorporated Organisation (CIO) on 13 November 2013 under charity registration number 1154545. The Charity's governing document is based on a Foundation Model Constitution.
Recruitment and appointment of new trustees
All persons wishing to become Trustees are given a trustee role description, a trustee person description and a trustee code of conduct, following which they are required to submit an application form with a CV and a declaration as to their fitness. If the existing Trustees resolve that the applicant be appointed, (s)he must undergo induction training during which (s)he will be given (and receive help understanding) copies of:
-
the governing document
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the annual report and accounts
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the current budget
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internal policy statements
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the strategic plan, business plan and/or operational plan
Page 1
EDEN GATE NEWPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2025 - continued
STRUCTURE, GOVERNANCE AND MANAGEMENT continued
Organisational Structure
During this reporting financial year we have had a full time Operations Manager, two full time Support Workers and a part time Support Worker permanently employed by the Charity. In addition, following a successful grant bid, the Charity has employed two interns who are on 12 month fixed term contracts.
The Operations Manager reports to the Chair of the Trustees. All other staff and volunteers report to the Operations Manager. There are now seven Trustees: Chair, Vice Chair, Secretary and four others. The Trustees have and continue to work hard to recruit more Trustees and this has been successful during 2024/25. We are grateful that a volunteer with financial experience is managing our finances with close contact with the Trustees. The majority of the Trustees do not act as Volunteers in the Charity's contacts with guests.
Related Parties
We have no formal link with any related party, but we do actively co-operate with other organisations also working to help those whom we seek to help.
Risk Management and Review
The Trustees regularly review a risk register which has identified the following risks as areas for consideration:
• Risk of abuse by staff or volunteers or of abusive behaviour from a guest directed at staff or volunteers. This is managed by ensuring good procedures are in place to mitigate the risk, such as training staff, DBS checks being in place for staff and volunteers and enacting a clear safeguarding policy. All staff and volunteers are asked to read and sign appropriate policies. We have introduced a more formalised induction process for volunteers to ensure that they are trained before working at Eden Gate. Over the last year we have increased security with additional CCTV and continue to maintain close links with the police. We also ensure our lone worker policy is adhered to at all times.
• Risk of a loss of support from our volunteering base has also been identified. We have been increasing volunteers to mitigate this risk and continue to encourage more volunteers to come forward.
• Risk of loss of income. The Trustees and Operations Manager have successfully pursued additional fund raising options most notably securing a grant in excess of £300,000 covering both 2024/25 and 2025/26 financial reporting periods.
Safeguarding
The Charity has provided services to adults deemed at risk in this financial period. All necessary DBS checks at the required level have been obtained for all staff and volunteers.
Governance review
The Trustees have decided to aim to comply with the Charity Governance Code as published by the Charity Commission. A full review revealed that most of the principles of the code were already being adhered to. Some additional formal written policies were formulated during the 2024/5 reporting period and this process will continue in the 2025/26 reporting period in order to achieve compliance with the code. The policies currently in place cover financial controls, safeguarding, financial reserves, serious incident reporting and internal risk management.
OBJECTIVES AND ACTIVITIES
Summary of the objectives set out in the governing document
In Newport, South Wales (primarily) relief and help to people experiencing, or at risk of, homelessness or substance dependency by:
-
building initial interactions with guests founded on respect and trust
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creating a safe environment to enable guests to move forward
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facilitating a range of intervention services
-
looking to continuously develop our services and increase their effectiveness
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alleviation through rehabilitation and support to integrate them back into society
-
working in collaboration with other organisations looking for similar outcomes
• educating the public about homelessness and substance dependence and abuse, working in partnership with other groups including Christian Churches.
Page 2
EDEN GATE NEWPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2025 - continued
OBJECTIVES AND ACTIVITIES continued
As well as providing some relief to people in obvious need, our overall aim is to help people move on, as far as possible, to a point where they can sustain themselves in suitable accommodation and employment and escape from the traps of poverty and addiction. We therefore provided one to one support to those experiencing, or likely to experience, homelessness in order to help them to support themselves.
Summary of the main activities undertaken for the public benefit in relation to these objectives
• Our drop-in services are a place where those who are experiencing homelessness can access local services as well as humanitarian support.
• We provide hot drinks and toast and signpost people to relevant services such as housing or drug/alcohol support.
• Other services such as the NHS, chiropodists and barbers also attend some of the drop-in sessions to help our guests engage with them.
• The 'Shoulder to Shoulder' initiative enables our guests to voluntarily participate in various projects run to reinforce/ teach reading and maths skills, to learn new skills including art, gardening and music as well as volunteer work placements. These all improve their health and well being as well as adding skillsets to be able to support themselves.
• In furtherance of our education aims, we have visited several local schools and spent time with the children explaining what Eden Gate does and sharing with them experiences of homelessness.
Wider involvement
• Eden Gate has benefitted from funding from Newport City Council via the Shared Property Fund programme. • Work has been ongoing to strengthen links with the Local Council and business organisations such as Business in the Community.
• We try to establish connections with other UK organisations of similar ethos so that we can improve our offering to our guests and increase the effectiveness of our programmes.
Main activities undertaken for the public benefit
In all their decisions as to the work of the charity the Trustees have complied with their duty to have due regard to the Charity Commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.
Volunteers
Eden Gate is extremely grateful for the huge contribution made by our volunteers without whom we simply could not run our services. We have welcomed several new volunteers over the past year, which was fantastic particularly as some volunteers did not return after the Pandemic. We now have about 40 active volunteers but intend to continue to recruit more.
ACHIEVEMENTS AND PERFORMANCE
We have continued to pursue the objects of the charity. We continue to be seen as a place of safety and help for rough sleepers and others experiencing or at risk of homelessness, without the perceived barriers which sometimes prevent those affected engaging with the Council or other official bodies. However, our close links with those bodies means that we can help to ensure that our guests access other services as required. We have seen real benefits with people moving into housing as a result of the work of Eden Gate or being supported to remain in housing or find employment or enter rehabilitation.
We have engaged with the business community who have been a valuable source of support, advice and encouragement.
We continue to provide a means whereby volunteers and churches can contribute to helping the people experiencing homelessness, or who are at risk of homelessness, through our activities.
The 'Shoulder to Shoulder' project has expanded our work by increasing training and skills for guests, as has visiting local schools to educate them about our work.
Page 3
EDEN GATE NEWPORT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2025 - continued
FINANCIAL REVIEW continued
FINANCIAL REVIEW
The total funds carried forward at the year end were £280,028 (2024: £150,901). This comprised a total of unrestricted funds of £226,279 which includes the net book value of the vehicle £44,076, (2024: £126,341) and restricted funds of £13,749, (2024: £24,560).
The Trustees elected to continue the development of the proactive Shoulder to Shoulder rehabilitative programme for guests and pursue funding opportunities in support thereof. The award of the Shared Prosperity Funding and existing financial reserves have enabled the Trustees to continue to pursue the objects of the Charity.
The Trustees are extremely grateful to those organisations who have stepped in to financially support the Shoulder to Shoulder programmes during this reporting period.
Our donations from churches, individuals and others has been sufficient to meet our needs, for which we are extremely grateful. They have allowed the Charity to continue its services for our guests.
The Charity's principal sources of funding during the last financial year have been as follows:
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2% given by individuals (2024: 29%)
-
1% given by Churches (2024: 4%)
-
•19% given by other donor bodies (2024: 40%)
-
•1% gift aid tax reclaim (2024: 6%)
• 76% grants (2024: 20%)
- 1% other (2024: 1%)
Additional Funding declarations for the year ended 31st March 2025
-
The single highest value donation from a corporate donor was £6,500, (2024: £20,000)
-
The single highest value donation from an individual was £18,484, (2024: £18,086)
-
No donations were received from related parties or from outside the UK (2024: Nil)
Of our expenditure on charitable activities, 76% was spent on staff costs (2024: 68%) and 9% on rent and other expenses of our premises (2024: 15%). The paid staff provide co-ordination of volunteers, support and mentoring for beneficiaries, general administration and management and they contribute to the development and planning of our services. The premises enable us to provide drop-in facilities for beneficiaries, office functions and a centre from which to operate.
Apart from a small petty cash fund, all our funds are held at Barclay's Bank and, from time to time, in our PayPal account.
Reserves Policy
Our policy is to keep a reserve of 50% of current annual staff costs and rent. The purpose is to ensure that we can meet our obligations to employees and our landlord if disaster strikes.
Approved by the Trustees and signed on their behalf by :
……………………………… Don Reed Chair of Trustees
………………………………
Dr. Alyson Thomas Trustee
……………………………… Date
……………………………… Date
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDEN GATE NEWPORT
We report on the accounts for the year to 31st March 2025 set out on pages 6 to 10.
Respective responsibilities of trustees and examiner
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for the year under Section 144(2) of the Charities Act 2011, (the 2011 Act), and that an independent examination is needed.
It is our responsibility to:
-
examine the accounts under Section 145 of the 2011 Act
-
follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act and
-
state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present 'a true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
-
1 which gives us reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
-
-
have not been met; or
-
2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
……………………………………………………..
Guilfoyle Sage LLP, Chartered Accountants, Dated ………………………………………
21 Gold Tops, Newport, South Wales NP20 4PG
Page 5
EDEN GATE NEWPORT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st MARCH 2025
| 2025 2025 2025 Unrest- Restric- ricted ted Total Notes Funds Funds Funds £ £ £ INCOMING RESOURCES Income from donations & legacies 2 330,807 6,450 337,257 Income from charitable activities 3 7,574 - 7,574 Investments - bank interest 1,531 - 1,531 ───── ───── ───── TOTAL INCOMING RESOURCES 339,912 6,450 £ 346,362 ═════ ═════ ═════ RESOURCES EXPENDED Costs of raising funds 216 - 216 NET INCOMING RESOURCES AVAILABLE FOR CHARITABLE ACTIVITIES 339,696 6,450 £ 346,146 ═════ ═════ ═════ Charitable activities 4 200,864 7,261 208,125 Other costs 5 8,894 - 8,894 ───── ───── ───── TOTAL RESOURCES EXPENDED 209,758 7,261 £ 217,019 ═════ ═════ ═════ NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR 129,938 (811) 129,127 Transfers between funds 8 10,000 (10,000) - ───── ───── ───── NET MOVEMENT IN FUNDS 139,938 (10,811) 129,127 Balance brought forward 1st April 2024 126,341 24,560 150,901 ───── ───── ───── Balance carried forward 31st March 2025 8 & 9 266,279 13,749 £ 280,028 ═════ ═════ ═════ STATEMENT OF ASSETS & LIABILITIESS Assets retained for charity use 10 44,076 - 44,076 Barclays Bank current account 117,139 13,749 130,888 Barclays Bank deposit account 104,738 - 104,738 PayPal account 295 - 295 Petty cash 31 - 31 ───── ───── ───── 266,279 13,749 £ 280,028 ═════ ═════ ═════ |
2024 2024 2024 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ 73,531 30,398 103,929 28,615 - 28,615 1,228 - 1,228 ───── ───── ───── 103,374 30,398 £ 133,772 ═════ ═════ ═════ 239 - 239 103,135 30,398 £ 133,533 ═════ ═════ ═════ 125,007 19,466 144,473 1,080 - 1,080 ───── ───── ───── 126,087 19,466 £ 145,553 ═════ ═════ ═════ (22,952) 10,932 (12,020) - - - ───── ───── ───── (22,952) 10,932 (12,020) 149,293 13,628 162,921 ───── ───── ───── 126,341 24,560 £ 150,901 ═════ ═════ ═════ - - - 22,634 24,560 47,194 103,207 - 103,207 449 - 449 51 - 51 ───── ───── ───── 126,341 24,560 £ 150,901 ═════ ═════ ═════ |
|---|---|
Page 6
EDEN GATE NEWPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared on a receipts and payments basis under the historical cost convention, in accordance with the Charities Act 2011, the Charities SORP (Statement of Recommended Practice) 2019 (FRS 102) and applicable accounting standards.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities in the year in which they are received.
Resources expended
Expenditure is accounted for on a payments basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Motor Vehicles | - 20% on reducing balance basis from month of purchase |
|---|---|
| IT equipment | - 33% on cost |
Profits and losses on disposal of assets are recognised in the Statement of Financial Activities in the year of disposal.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
2. INCOME FROM DONATIONS AND LEGACIES
| 2025 2025 2025 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ Donations Church organisations 6,423 - 6,423 Individuals 26,566 - 26,566 Other organisations 280,735 6,450 287,185 Gift aid tax reclaimed 6,973 - 6,973 PayPal account 10,110 - 10,110 ───── ───── ───── 330,807 6,450 £ 337,257 ═════ ═════ ═════ |
2024 2024 2024 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ 4,816 - 4,816 25,388 - 25,388 23,686 30,398 54,084 7,826 - 7,826 11,815 - 11,815 ───── ───── ───── 73,531 30,398 £ 103,929 ═════ ═════ ═════ |
|---|---|
Page 7
EDEN GATE NEWPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 cont.
3. INCOME FROM CHARITABLE ACTIVITIES
| 2025 2025 2025 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ Newport City Council Supporting People/other - - - Big Issue Sales 574 - 574 Surplus on sale of vehicle 7,000 - 7,000 Other receipts - - - ───── ───── ───── 7,574 - £ 7,574 ═════ ═════ ═════ |
2024 2024 2024 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ 27,366 - 27,366 622 - 622 - - - 627 - 627 ───── ───── ───── 28,615 - £ 28,615 ═════ ═════ ═════ |
|---|---|
4. EXPENDITURE ON CHARITABLE ACTIVITIES
| 2025 2025 2025 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ Premises costs 15,350 3,018 18,368 Guest expenses 6,521 4,243 10,764 Staff costs (note 7) 162,116 - 162,116 Equipment expenses 2,872 - 2,872 Motor & travelling expenses 3,997 - 3,997 Office costs, promotion and sundry 10,008 - 10,008 ───── ───── ───── 200,864 7,261 £ 208,125 ═════ ═════ ═════ |
2024 2024 2024 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ 14,912 6,883 21,795 7,789 708 8,497 87,357 11,583 98,940 1,589 - 1,589 4,360 - 4,360 9,000 292 9,292 ───── ───── ───── 125,007 19,466 £ 144,473 ═════ ═════ ═════ |
|---|---|
5. EXPENDITURE ON OTHER COSTS
| 2025 2025 2025 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ Independent examiner fees 1,116 - 1,116 Depreciation 7,778 - 7,778 ───── ───── ───── 8,894 - £ 8,894 ═════ ═════ ═════ |
2024 2024 2024 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ 1,080 - 1,080 - - - ───── ───── ───── 1,080 - £ 1,080 ═════ ═════ ═════ |
|---|---|
6. TRUSTEE REMUNERATION AND RELATED PARTY COSTS
No Trustee received remuneration in their capacity as a trustee.
No Trustee received payment for any costs other than legitimate reimbursements of expenditure on behalf of the Charity.
There were no other related party costs
Page 8
EDEN GATE NEWPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 cont.
7. STAFF COSTS
Staff costs were as follows:
| 2025 2025 2025 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ Wages, salaries, pension & social security costs 160,890 - 160,890 Training, uniforms & other costs 1,226 - 1,226 ───── ───── ───── 162,116 - £ 162,116 ═════ ═════ ═════ |
2024 2024 2024 Unrest- Restric- ricted ted Total Funds Funds Funds £ £ £ 85,683 11,583 97,266 1,674 - 1,674 ───── ───── ───── 87,357 11,583 £ 98,940 ═════ ═════ ═════ |
|---|---|
No employee earned in excess of £60,000 per annum in either this or the previous year.
8. MOVEMENT IN FUNDS
| Balance | Balance | Balance | |||||
|---|---|---|---|---|---|---|---|
| at 1st | at 31st | at 31st | |||||
| April | March | March | |||||
| 2024 | In | Out | Transfers | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | £ | ||
| Unrestricted Funds | 126,341 | 339,912 | (209,974) | 10,000 | 266,279 | 121,391 | |
| ═════ | ═════ | ═════ | ═════ | ═════ | ═════ | ||
| 2024 | 149,293 | 103,374 | (126,326) | 126,341 | |||
| Restricted funds | |||||||
| Shoulder to Shoulder (S2S) garden project | 14,560 | 750 | (3,018) | - | 12,292 | 14,560 | |
| Motor vehicle | 10,000 | - | - | (10,000) | - | 10,000 | |
| B Clear S2S general | - | 500 | (479) | - | 21 | - | |
| NCC S2S Dynamic | - | 5,000 | (3,741) | - | 1,259 | - | |
| Tillot S2S Art2 | - | 200 | (23) | - | 177 | - | |
| ───── | ───── | ───── | ───── | ───── | ───── | ||
| Total Restricted Funds | 24,560 | 6,450 | (7,261) | (10,000) | 13,749 | 24,560 | |
| ═════ | ═════ | ═════ | ═════ | ═════ | ═════ | ||
| 2024 | |||||||
| Night Shelter | 300 | - | (300) | - | - | ||
| Monmouth Diocese | 1,810 | - | (1,810) | - | |||
| NCC Homelessness Prevention Fund | 11,518 | - | (11,518) | - | |||
| Shoulder to Shoulder garden project | - | 16,566 | (2,006) | - | 14,560 | ||
| Shoulder to Shoulder art project | - | 500 | (500) | - | - | ||
| Roof repair | - | 2,832 | (2,832) | - | - | ||
| TV & food | - | 500 | (500) | - | - | ||
| Motor vehicle | - | 10,000 | - | - | 10,000 | ||
| ───── |
───── | ───── |
───── | ───── | |||
| Total Restricted Funds | 2024 | 13,628 | 30,398 | (19,466) | - | 24,560 | |
| ═════ |
═════ | ═════ |
═════ | ═════ | |||
| Balance | Balance | Balance | |||||
| at 1st | at 31st | at 31st | |||||
| April | March | March | |||||
| 2024 | In | Out | Transfers | 2025 | 2024 | ||
| £ | £ | £ | £ | £ | £ | ||
| Total Funds | 150,901 | 346,362 | (217,235) | - | 280,028 | 150,901 | |
| ═════ | ═════ | ═════ | ═════ | ═════ | ═════ | ||
| 2024 | 162,921 | 133,772 | (145,792) | - | 150,901 |
Page 9
EDEN GATE NEWPORT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2025 cont.
Nature and purpose of each restricted fund
Shoulder to Shoulder Fund
These are grants and donations given to develop and sustain the new programmes that enable our guests to voluntarily participate in various projects reinforcing and teaching reading and maths skills, to learn new skills including art, gardening and music, as well as volunteer work placements. These all improve their health and wellbeing as well as adding skillsets to be able to support themselves.
9. GENERAL UNRESTRICTED FUND
| 2025 | 2025 | 2024 | 2024 | ||
|---|---|---|---|---|---|
| General | Total | General | Total | ||
| Fund | Fund | Fund | Fund | ||
| £ | £ | £ | £ | ||
| Unrestricted Funds | 266,279 | 266,279 | 121,391 | 121,391 | |
| ═════ | ═════ | ═════ | ═════ | ||
| 10. TANGIBLE FIXED ASSETS - (unrestricted fund) | |||||
| Computers | |||||
| Motor | & | ||||
| Vehicles | equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| Balance at 1st April 2024 | 13,162 | 3,883 | 17,045 | ||
| Additions | 51,854 | - | 51,854 | ||
| Disposals | (13,162) | - | (13,162) | ||
| ───── | ───── | ───── | |||
| Balance at 31 March 2025 | 51,854 | 3,883 | 55,737 | ||
| ═════ | ═════ | ═════ | |||
| Accumulated Depreciation | |||||
| Balance at 1st April 2024 | 13,162 | 3,883 | 17,045 | ||
| Charge for year | 7,778 | - | 7,778 | ||
| Eliminated on Disposal | (13,162) | - | (13,162) | ||
| ───── | ───── | ───── | |||
| Balance at 31 March 2025 | 7,778 | 3,883 | 11,661 | ||
| ═════ | ═════ | ═════ | |||
| Net Book Value | |||||
| At 31st March 2025 | 44,076 | - | 44,076 | ||
| ═════ | ═════ | ═════ | |||
| At 31st March 2024 | - | - | - | ||
| ═════ | ═════ | ═════ |
Page 10